The History of Antiquity, Vol. 6 (of 6)Duncker, Max
History
The History of Antiquity, Vol. 6 (of 6)
Duncker, Max
History, Ancient
The empire of Darius rested on the fact that the Persians regarded
themselves as the governing nation in Asia, and on their desire and
determination to maintain this position, with the advantages which it
brought to them; on the devotion and fidelity with which the Persian
tribal princes and nobles stood by the king; on their habits of
obedience and subjection; on the ambition of officers and governors,
which was excited by obvious distinctions; on the education of a
considerable portion of the Persian youth specially for service in the
army and the state. Darius was at pains to add to these foundations
substantial means for maintaining the empire in the greatest profusion.
When he abandoned the system of Cyrus and Cambyses, who had allowed the
provinces to fix the amount of their yearly tribute themselves, and set
himself to secure a fixed income for the state, it was previously
necessary to fix the standard according to which the tribute, which
would now be paid as taxes, should be assessed; to arrange the value at
which the royal chest would accept the various standards current in the
subject nations.
With this object he created a currency. He founded his standard on the
forms which the Babylonian system had developed in the course of time.
The new gold currency was struck on the standard of the Babylonian gold
talent, _i.e._ on a normal weight of 50-1/2 pounds. Three thousand coins
were struck out of this total. The gold in this new currency was purer
than that used by Croesus, or in the older coins in the Ionic cities of
Asia Minor; the coins which have come down to us show but little alloy
of silver. The gold piece weighed 8.40 grammes; and had in our coinage a
value of about 21 shillings; hence the gold talent of Darius was worth
3000 guineas. These new pieces were called by the Hebrews Darkon and
Darkemon, among the Greeks Darics. It was of the first importance to
bring the gold of the coinage into a simple and easily convertible ratio
with silver. In order to do this the silver coins were struck from a
larger weight than the gold. Here also Darius used a Babylonian
talent;--the silver talent of 67-1/2 pounds, for the normal weight. From
this 3000 staters were struck of a weight of 11.14 grammes; or 6000
drachmas of a weight of 5.57 grammes. The silver staters of Darius
(silver darics) were called by the Greeks Median sigli (shekels). As
gold was valued at 13-1/3 times the value of silver, the silver stater,
which was one-fourth heavier than the gold coin, was equal to a tenth
part of its value, and the drachma to a twentieth. Hence the gold daric
was changed for ten silver staters or twenty silver drachmas. The silver
talent of Darius was worth more than £300 of our money, the silver
stater was worth about two shillings. The silver talent of Darius (which
the Greeks call the Babylonian talent) stood to the Euboean talent of
the Greeks, who had used the light Babylonian talent as a standard, in a
ratio of 3 to 4.[369]
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